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Hedge Fund Facing IRS Probe Says It Acted Legally

By Brian Mahoney (July 22, 2014, 6:58 PM EDT) -- Executives for the hedge fund Renaissance Technology Corp. LLC told a Senate subcommittee on Tuesday that they believed the company acted appropriately under current law in purchasing complex, structured financial products from financial institutions that lawmakers say allowed the funds to evade federal leverage limits and billions in capital gains taxes....

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